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0.000386381025248712 0.000386381025248712 0.000382555470543289 0.00153022188217288 0.000765110941086441 0.00229533282325946 -0.00191277735271617 0
Stock impact report

Institutional Property Advisors Arranges $114 Million in Acquisition Financing for Fort Worth Retail Portfolio

Marcus & Millichap, Inc. (MMI) 
Last marcus & millichap, inc. earnings: 2/20 04:04 pm Check Earnings Report
US:NYSE Investor Relations: marcus.com/us/en
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI) specializing in capital markets services for major private and institutional clients, has arranged $113.7 million in life company financing and preferred equity for the acquisition of three contiguous retail centers totaling 375,000 square feet in Fort Worth, Texas.IPA’s Capital Markets team was led by Adam Mengacci, senior managing director, in the firm’s Dallas office. Mengacci represented Younger Partners Investments (YPI) to secure and structure the capital stack.“This transaction is a significant addition to the YPI portfolio and a testament to institutional capital’s demand for core retail,” said Mengacci.Based in Dallas, YPI was formed in 2020 to acquire retail investment properties across Texas, with a focus on neighborhood grocery-anchored centers and lifestyle shopping centers. This portfolio includes Presidio Towne Crossing, Tehama Towne Crossing, and Vista Ridge. Now collectively Show less Read more
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